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Turkey's unemployment rate decreases to 10.6 percent in September

Anadolu Agency ECONOMY
Published December 15,2017
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Turkey's unemployment rate fell 0.7 percentage points to 10.6 percent in September compared to the same month last year, the Turkish Statistical Institute (TurkStat) said Friday.

The number of people employed increased in September by 1,233 million to reach 28,797 million people on a year-on-year basis, while the number of the unemployed decreased by 104,000 people to reach 3,419 million.

The employment rate increased by 1.1 percent to 47.9 percent, TurkStat said in the statement.

Labor force participation also increased by 0.8 percentage points to 53.4 percent.

The number of women participating in the workforce climbed 1 percentage point from the previous year to 34.5 percent. The rate was the same as August, according to TurkStat.

The fall came after Turkey's gross domestic product (GDP) grew by 11.1 percent in the three months up until Sept. 30 when compared to the same period last year, beating the expectations of the world's leading economists.